photomic196230 Jun 2009 18:21
Cheers for those wise words mate,i totally agree on many of those points especially the drip feed/chasing losses syndrome which i,ve fallen foul of a few times. I sometimes wonder if we should go back to the days of checking the prices in the morning paper or looking to see how so and so is doing "this week" as checking portfolios on line gives one the illusion of control and ability to average down etc and lets face it most penny shares are all over the place! I,ve managed to establish a decent earning portfolio of stuff like tate,rexam,bae,elm,cost,united utilities,scottish and southern etc etc which is my own pension pot and the discipline is good for leaving alone as the divis are good income but with tjhe gamblers i,m like you if they havent gone up in a few days i,m itching to get to the next one. With these for instance i,ve put a few 100 in so theres no pressure but before i had over a grand in and the fear factor was prevailing as i didnt want another woolworths or irvine energy on my hands! It comes down to risk,reward,comfort levels and that quality we both lack,patience!!! Good luck to you too chris, james